The pension insurance of public institutions has been merged into one, and individuals have paid insurance starting from October 2014. On January 14, 2015, the State Council issued the "Decision on the Reform of the Pension Insurance System for Staff of Government Institutions and Public Institutions", which decided to regulate the pension insurance system of government agencies and public institutions starting from October 1, 2014.

The pension insurance system for staff in public institutions will be reformed; at the same time, it was decided to uniformly raise the minimum standard of basic pension insurance for urban and rural residents nationwide, and once again raise the basic pension standard for enterprise retirees nationwide.

The pension integration has been officially launched, which means that nearly 40 million people in government agencies and institutions will bid farewell to the era of "fee-free" pensions.

Change the number of people to issue a social security card. This time the State Council has clarified that the "unification" of pensions will be implemented simultaneously across the country, and government agencies and public institutions will be reformed simultaneously. This means that all units in the country that are managed according to the Civil Service Law and agencies (units) that are managed with reference to the Civil Service Law

, public institutions and their staff within the establishment, also known as "system personnel", a huge group of nearly 40 million people in total will start the reform.

For a long time, these people and their units have not paid pension insurance, and their pension after retirement has been "financial rice".

The reform will change this situation: in the future, these groups will pay pensions based on those of urban employees in enterprises, and will be issued a nationally unified social security card, shifting from work-based pensions to socialized pensions.

To pay occupational annuity, individuals need to pay 4% of their salary. After the reform, employees of government agencies and institutions will receive after retirement: basic pension + personal account pension + occupational annuity. Calculation: monthly salary of 5,000, and pay 600. Civil servant Xiao Ming excludes allowances, subsidies, etc., each

The monthly paid salary is 5,000 yuan. Before the reform, neither units nor individuals had to pay. Xiaoming will still have a pension after retirement.

After the reform, Xiao Ming has to pay 400 yuan for pension insurance every month.

For occupational annuities, individuals pay 4% of their own salary.

In this way, Xiao Ming has to pay another 200 yuan, plus the basic pension insurance of 400 yuan, and a monthly payment of 600 yuan. This amount is deducted from Xiao Ming's monthly income and will be entered into Xiao Ming's personal pension account.

Together with the unit payment part, it will be paid monthly after retirement.

October 1, 2014 is the key point for receiving pensions. The reform has been implemented since October 1, 2014, so October 1 has become the key point for receiving pensions.

Those who have retired before October 1 will continue to receive basic pensions in accordance with the original treatment standards stipulated by the state, and the basic pension adjustment measures will also be implemented.

Those who started working after October 1st and have accumulated 15 years of personal contribution years will be paid a basic pension and an occupational annuity on a monthly basis after retirement. Basic pension = basic pension + personal account pension. Basic pension: based on the monthly salary of the local employee in the previous year.

The average salary and the average monthly indexed salary of the employee are the base number, and 1% of the contribution will be paid every year.

Personal account pension: The amount saved in the personal account is divided by the number of payment months. The number of payment months is determined based on the average life expectancy of the urban population at the time of retirement, the personal retirement age, interest and other factors.

If you start working before October 1, retire after October 1, and have paid for 15 years in total, in accordance with the principles of reasonable connection and smooth transition, on the basis of the basic pension and personal account pension, the deemed payment years will be

A transitional pension will be issued for both long and short periods of time.

Specific measures will be formulated and implemented by the Ministry of Human Resources and Social Security in conjunction with relevant departments.

For those who retire after October 1 and whose cumulative contribution years are less than 15 years, the handling of their basic pension insurance relationship and the calculation and payment of basic pensions shall be governed by the "Several Provisions on the Implementation of the Social Insurance Law of the People's Republic of China".

In other words, you can choose to pay some additional money as required and then enjoy a pension; or you can directly transfer to a pension insurance system and get a relatively low pension.

Note: There are also transitional pensions. The relevant person in charge of the Ministry of Human Resources and Social Security said that the "gradual transition" policy mainly includes two: First, their working years before personal payment was determined as "deemed payment years" before the reform.

"When you retire in the future, while the basic pension will be paid, a transitional pension will be paid based on factors such as the length of deemed payment years.

The second is to set a transition period for a certain period. During the transition period, the old and new calculation and payment methods for pension benefits will be compared and "guaranteed the lowest and limited the high". In this way, it can basically ensure that the original benefit level will not be reduced.

How much you will receive in retirement has nothing to do with your professional title. For a long time, some agencies and institutions often promoted their ranks and professional titles unexpectedly before retirement.

As reforms advance, this situation may change.

This is because before the reform, pensions for government agencies and institutions were paid together with the last month's salary of employees when they retired, and were adjusted along with wage adjustments in government agencies and institutions.

After the reform, the pension standard will be calculated based on the amount of contributions made by the individual over the years and the length of the payment period.